December 12, 2009
Based on those comparisons alone, I'd go with Outlook Financial, hands down. Achieva doesn't even compare. As well, in terms of financial viability of credit unions, Outlook is much stronger. Assiniboine Credit Union is a far larger and stronger credit union than Cambrian Credit Union. Remember, though, there's a third Manitoba institution called Westoba Credit Union out of Brandon, MB, that operates MAXA Financial.
I considered opening an account with Outlook Financial but decided against it. The first order of cheques of 20-30 cheques is free but subsequent orders are subject to full price. As well, they have numerous service charges and other hidden fees not charged by HSBC's Direct Savings Account, which I continue to use. Rate is slightly lower at HSBC but that's no matter, I know I'll never get dinged for a service charge.
Service charges at Achieva seem rather high, especially for dormant accounts, bill payments, or even to talk to a customer service person. http://www.achieva.mb.ca/produ.....e_fees.asp
Also seems difficult and expensive to deposit and access your money if you live outside of Manitoba.